Hi Strat and all, not much chat - just a couple of 4H charts, Cable and Fiber.
Cable has been choppy for a while but you can make sense of it somewhat - while its struggling to break 1.66, there doesn't seem much demand to take it back below 1.62. Bad economic news in the UK today explains todays down move, but with NFP coming up, Crossroads (Clapton) ahead?
Similar story with EURUSD. Price has retreated a little from the yearly high at the beginning of the month, but has been stepping nicely higher over the last couple of weeks...
Sorry for the 4H's Strat, just a different perspective
Cable has been choppy for a while but you can make sense of it somewhat - while its struggling to break 1.66, there doesn't seem much demand to take it back below 1.62. Bad economic news in the UK today explains todays down move, but with NFP coming up, Crossroads (Clapton) ahead?
Similar story with EURUSD. Price has retreated a little from the yearly high at the beginning of the month, but has been stepping nicely higher over the last couple of weeks...
Sorry for the 4H's Strat, just a different perspective